Transcend announced a partnership with Nomura to implement Cash and Collateral Management modules. By harmonizing key operational systems and data in one platform, Nomura aims to position itself to better manage and optimize its collateral, funding, and liquidity across its Global Markets business.
Transcend and Nomura first partnered in 2019 to improve collateral operations and eligibility validation processes for bilateral derivatives. The partnership has since expanded to include optimized collateral allocations with multiple triparty agents.
The Transcend platform enables users to make collateral allocation decisions using a variety of factors including haircut, asset quality, and funding maturity, among others. Following these successful engagements, Nomura made a strategic investment in Transcend in 2023. The relationship is now further expanding to include inventory management, sources and uses, and intraday liquidity monitoring capabilities.
“We are delighted to expand our relationship with Nomura,” said Bimal Kadikar, CEO and founder of Transcend, in a statement. “With the implementation of an array of new services across business areas, we are realizing the vision of a single, unified platform for optimizing collateral, funding and liquidity across the firm.”
“Optimizing collateral and financial resources is a competitive advantage in today’s global financial economy,” said Anthony Kowalski, chief operating officer of Global Rates at Nomura, in a statement. “With Transcend, we have delivered value along each step of the way and are really excited about where we are headed.”
Transcend has experienced significant client growth over the last several years. Leveraging its industry-leading collateral optimization platform, businesses from asset managers to insurers to regional banks to sell-side broker-dealers are benefiting from financial resource savings, better risk management, and operational efficiency.